Entegris Q2 Adj. EPS $0.66 Beats $0.58 Estimate, Sales $901.00M Beat $885.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Entegris (NASDAQ:ENTG) reported Q2 adjusted earnings of $0.66 per share, beating the analyst consensus estimate of $0.58 by 13.79%. However, this is a 34% decrease from the same period last year. The company also reported quarterly sales of $901.00 million, beating the estimate of $885.48 million by 1.75%, and marking a 30.11% increase from last year.
August 04, 2023 | 12:43 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Entegris reported better than expected Q2 earnings and sales. However, earnings per share decreased by 34% compared to the same period last year.
Entegris reported better than expected earnings and sales for Q2, which is generally positive for the stock. However, the 34% YoY decrease in earnings per share might temper investor enthusiasm. The 30.11% YoY increase in sales is a strong positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100